Updated from 5:45 p.m. EDTMarkets in India opened higher Wednesday but couldn't hold on to gains after the release of disappointing industrial production numbers. India's industrial production growth came in at 5.3% year on year for January, vs. 11.6% for January of last year. "The market is jittery because you are seeing a slowdown in growth on supply constraints and suddenly things are not as rosy as they were six months ago," said R. Balakrishnan, executive director at Mumbai-based Centrum Broking. The Bombay Stock Exchange's Sensex Index finished flat at 16,127.98. In the technology sector, Indian IT company Patni Computer Systems ( PTI) announced plans to aggressively pursue sales in the Asia Pacific region to hedge against a slowdown in America, according to finanicalexpress.com. "Patni, which gets more than three quarters of its revenue from the United States, expects 9 percent of its revenue to come from Asia-Pacific, including Japan, in three years from 5 percent now," said Asian regional head Deepak Khosla. ADR shares of PTI closed up 1.7% to $10.65. Indian telecommunications company Tata Communications ( TCL) its expansion plans for the next three years. The company didn't provide specifics on how it plans to raise the $1 billion, but some market participants speculated that the firm will sell a stake or make a qualified institutional placement of shares. ADR shares of TCL closed flat up 0.8% at $25. The Indian technology sector came under pressure Wednesday with Satyam Computer ( SAY), plunging 9% to $21.57; Infosys Technologies ( INFY), falling 4% to $35.33; and Cognizant Technology ( CTSH), finishing down 2% at $28.86. Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.